TSUBAKIMOTO CHAIN CO. [6371.T]
TOKYO, Jun 19 (Pulse News Wire) – TSUBAKIMOTO CHAIN CO. (6371.T) announced today that it completed a share repurchase through the ToSTNet-3 platform on June 18.
The company purchased 2,399,000 shares, which represents 2.3% of its outstanding shares excluding treasury stocks. The total cost was ¥6.204 billion. In addition, based on the resolution made at the board meeting held on May 13, the company plans to conduct open-market purchases within the remaining limits set for the total number of shares and amount.
The initial resolution allowed for up to ¥10.00 billion for acquiring up to 5,000,000 shares, representing 4.8% of the outstanding shares excluding treasury stocks. The acquisition period runs until March 31, 2027, and the method involves buying shares on the Tokyo Stock Exchange. As of June 19, the company had acquired a total of 2,399,000 shares with a value of ¥6.204 billion.
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